Palladium Futures Bearish Momentum With A 5% Fall In The Last 5 Sessions

(VIANEWS) – Palladium (PA) has been up by 5.79% for the last 5 sessions. At 17:52 EST on Thursday, 17 August, Palladium (PA) is $1,223.00.

Volume

Today’s last reported volume for Palladium is 3245, 99.99% below its average volume of 4327445421.02.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.83%, a positive 0.42%, and a positive 1.63%, respectively.

Palladium’s highest amplitude of average volatility was 1.23% (last week), 1.47% (last month), and 1.63% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Palladium’s commodity is considered to be overbought (>=80).

News about

  • According to FXStreet on Tuesday, 15 August, "Meanwhile, subdued Crude Oil prices fail to provide any impetus to the commodity-linked Loonie or influence the major. "
  • Crude oil forecast: continues to offer opportunities on dips – 15 August 2023. According to DailyForex on Tuesday, 15 August, "Similarly, the Brent Crude Oil market exhibited a moderate decline during recent trading sessions, hinting at a possible test of the $85 level. ", "As the WTI and Brent Crude Oil markets navigate through recent price fluctuations, it’s evident that key technical levels and indicators are playing a crucial role in shaping investor sentiment. "
  • According to FXStreet on Wednesday, 16 August, "This, in turn, is seen as a key factor acting as a headwind for the USD/CAD pair, though weaker Crude Oil prices d undermines the commodity-linked Loonie and should help limit the downside, at least for the time being."

More news about Palladium (PA).

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